BKNG - Columbia Select Large Cap Growth Fund Q4 2024 Commentary
2025-03-27 10:50:00 ET
Summary
- Columbia Select Large Cap Growth Fund Institutional Class shares returned 4.16% in Q4 2024, trailing the Russell 1000 Growth Index's 7.07% return.
- U.S. stock market gained 2.75% in Q4, driven by mega-cap tech companies, particularly those benefiting from AI adoption.
- Portfolio outperformed in industrials, health care, and communication services sectors but lagged in information technology and consumer discretionary sectors.
- Optimistic about portfolio positioning with exposure to AI, durable growth names, and undervalued health care stocks, despite market volatility and interest rate uncertainties.
Average annual total returns (%) for period ending December 31, 2024